2. Tenacity

3. Tolerance of Ambiguity

This classic trait is the definition of risk-taking–the ability to withstand the fear of uncertainty and potential failure.

4. Vision

One of the defining traits of entrepreneurship is the ability to spot an opportunity and imagine something where others haven’t.

Entrepreneurs have a curiosity that identifies overlooked niches and puts them at the forefront of innovation and emerging fields.

They imagine another world and have the ability to communicate that vision effectively to investors, customers and staff.

5. Self-belief

Self-confidence is a key entrepreneurial trait. You have to be crazy-sure your product is something the world needs and that you can deliver it to overcome the naysayers, who will always deride what the majority has yet to validate.

Taking risks and rule-breaking are highly suggested traits for entrepreneurs. One must not be afraid to stand outside of the crowd, in order to gain the perspective that others wouldn’t. This is how you develop great ideas that nobody else thought of – their eyes were shut, while you were madly searching.